MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) announced an agreement to sell its wholly owned subsidiary, MAX Power Resources LLC, which owns the Willcox Playa Lithium Project in Arizona, to Homeland Critical Minerals Corp. The transaction involves 11 million Homeland shares valued at approximately $1.1 million, representing just under 50% of Homeland’s currently outstanding shares. This strategic divestiture allows MAX Power to sharpen its focus on advancing its Natural Hydrogen initiatives, particularly the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan.
The Willcox Playa Lithium Project, which saw a diamond drilling discovery in 2024, will now be developed by Homeland, while MAX Power retains significant exposure to its future potential through its equity stake. According to the company, the sale enables management to allocate capital, technical expertise, and execution efforts toward Natural Hydrogen, a sector where MAX Power has made notable progress. The company’s Lawson Discovery near Central Butte, Saskatchewan, represents Canada’s first-ever subsurface Natural Hydrogen system confirmed through deep drilling, with data validated by three independent labs.
MAX Power has built dominant district-scale land positions across Saskatchewan, with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen. This divestiture underscores the company’s commitment to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
The transaction is expected to close on or about June 17, 2026, subject to customary conditions and regulatory approvals, including any required approval from the Canadian Securities Exchange. For more details, the full press release is available at https://ibn.fm/Y9XXS.
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. In addition to its Natural Hydrogen assets, the company holds a portfolio of properties in the United States and Canada focused on critical minerals. The latest news and updates relating to MAX Power are available in the company’s newsroom at https://ibn.fm/MAXXF.
